PLANSPONSOR Weekend Newsdash
Week ending August 5th, 2016
Happy Friday, PLANSPONSOR readers! This week, we learned that Millennials do not have confidence they will be able to save $1 million for retirement; however, Fidelity finds Millennials have record account balances. For those of you responsible for open enrollment at your company, the time is drawing near, and Mercer suggests it may be a good time to also promote retirement plans. In addition, two more self-dealing lawsuits were filed this week. All this and more news in this edition of PLANSPONSOR Weekend.
Editor's choice
Open Enrollment Not Just About Health Benefits
Mercer experts reviewed open enrollment objectives and recent developments in the health care provider market during a webcast Thursday—suggesting open enrollment can also be a time to address the retirement package.Read more >
Data and Research
Most Millennials View Retirement Savings Goal as Impossible
The majority of working Millennials, 64%, do not think it will be possible for them to save $1 million—frequently cited as a savings target—over the course of their lifetime, according to the Wells Fargo Millennial Study.Read more >
Data and Research
Fidelity Finds Millennial 401(k) Account Balances at Record Levels
Fidelity’s latest retirement analysis reveals its customers have increased their 401(k) balances on average and its Millennial account holders are making record savings.Read more >
Neuberger Berman Accused of Self-Dealing in 401(k) Plan
The case calls out one fund in particular, which it says “was larded with high fees and has suffered from consistently abysmal performance.”Read more >
Franklin Templeton 401(k) Plan Latest Cited in Self-Dealing Suit
Allegations are similar to a number of other self-dealing lawsuits against fund managers this year.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
2022 Recordkeeping Survey
Maximum Benefit and Contribution Limits Table 2023

Maximum Benefit/Contribution Limits for 2018 through 2023, with a downloadable PDF of limits from 2013 to 2023.

TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Editorial: Alison Cooke Mintzer


Subscribe to NewsDash, click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund